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242 Toorak Rd 645 SF Retail Condo Unit in South Yarra, VIC 3141
Investment Highlights
- Prime high-exposure site within the prestigious Toorak Road commercial strip, a short distance from Chapel Street.
- Benefiting from Commercial 1 Zone (C1Z) – providing flexibility for current use or redevelopment potential (STCA).
- Located in a blue-chip retail and hospitality hub renowned for premium dining, boutique fashion, and service-based offerings.
Executive Summary
242 Toorak Road occupies a highly visible position along one of Melbourne’s most prominent shopping and lifestyle strips, within the heart of South Yarra’s vibrant retail and dining precinct. The property is part of a tightly held commercial corridor characterized by strong trading fundamentals and consistent foot traffic generated by its immediate proximity to busy retail anchors, boutique stores, high-end dining, and key transport hubs.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Description
Shop 1 at 242 Toorak Road represents a rare opportunity to secure a premium retail investment in one of Melbourne’s most prestigious and tightly held lifestyle precincts. Situated on the ground floor of a prominent mixed-use building, this boutique 60 m² retail premises boasts exceptional street exposure and constant pedestrian traffic, amplified by its proximity to landmark destinations including Chapel Street, The Como Centre, Vogue Plaza, and Capitol Grand.
Currently leased to an established café and bar operator, the property features a brand-new contemporary fitout designed to deliver both aesthetic appeal and functional efficiency. Positioned within the Activity Centre Zone (ACZ1), the property benefits from strong planning flexibility and long-term value potential.
Within steps of South Yarra Train Station and tram routes (58 & 78), the location ensures unrivalled connectivity, making it a sought-after destination for both local residents and a high-spending visitor market.
Currently leased to an established café and bar operator, the property features a brand-new contemporary fitout designed to deliver both aesthetic appeal and functional efficiency. Positioned within the Activity Centre Zone (ACZ1), the property benefits from strong planning flexibility and long-term value potential.
Within steps of South Yarra Train Station and tram routes (58 & 78), the location ensures unrivalled connectivity, making it a sought-after destination for both local residents and a high-spending visitor market.
Sale Notes
GormanKelly is proud to present Shop 1, 242 Toorak Road, an outstanding leased retail investment in the vibrant heart of South Yarra. Comprising 60 m² of ground-floor retail space, the property is securely tenanted to a thriving café and bar business, providing a strong net return of $69,998 per annum + GST.
Offered with an 8-year lease commencing June 2019 and a 7-year option, the investment delivers clear income security with 3.5% fixed annual increases, ensuring steady rental growth. This premium property is positioned within Melbourne’s coveted ACZ1 zoning, which supports a wide array of uses and future potential in one of the most affluent catchments in the city.
Located just metres from Chapel Street, high-profile residential and commercial developments (including Capitol Grand and Vogue), Como Centre, and major transport nodes, this asset enjoys constant trade and long-term demand fundamentals.
Offered with an 8-year lease commencing June 2019 and a 7-year option, the investment delivers clear income security with 3.5% fixed annual increases, ensuring steady rental growth. This premium property is positioned within Melbourne’s coveted ACZ1 zoning, which supports a wide array of uses and future potential in one of the most affluent catchments in the city.
Located just metres from Chapel Street, high-profile residential and commercial developments (including Capitol Grand and Vogue), Como Centre, and major transport nodes, this asset enjoys constant trade and long-term demand fundamentals.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Shop 1 | 645 SF | Retail | Upon Request | $50,217.97 |
Unit Shop 1
| Unit Size |
| 645 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| $50,217.97 |
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Map
Unit Shop 1
| Unit Size | 645 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | $50,217.97 |
| Sale Type | Investment |
| Description | |
| Shop 1 at 242 Toorak Road represents a rare opportunity to secure a premium retail investment in one of Melbourne’s most prestigious and tightly held lifestyle precincts. Situated on the ground floor of a prominent mixed-use building, this boutique 60 m² retail premises boasts exceptional street exposure and constant pedestrian traffic, amplified by its proximity to landmark destinations including Chapel Street, The Como Centre, Vogue Plaza, and Capitol Grand.<br> <br> Currently leased to an established café and bar operator, the property features a brand-new contemporary fitout designed to deliver both aesthetic appeal and functional efficiency. Positioned within the Activity Centre Zone (ACZ1), the property benefits from strong planning flexibility and long-term value potential.<br> <br> Within steps of South Yarra Train Station and tram routes (58 & 78), the location ensures unrivalled connectivity, making it a sought-after destination for both local residents and a high-spending visitor market.</li></ul> | |
| Sale Notes | |
| GormanKelly is proud to present Shop 1, 242 Toorak Road, an outstanding leased retail investment in the vibrant heart of South Yarra. Comprising 60 m² of ground-floor retail space, the property is securely tenanted to a thriving café and bar business, providing a strong net return of $69,998 per annum + GST.<br> <br> Offered with an 8-year lease commencing June 2019 and a 7-year option, the investment delivers clear income security with 3.5% fixed annual increases, ensuring steady rental growth. This premium property is positioned within Melbourne’s coveted ACZ1 zoning, which supports a wide array of uses and future potential in one of the most affluent catchments in the city.<br> <br> Located just metres from Chapel Street, high-profile residential and commercial developments (including Capitol Grand and Vogue), Como Centre, and major transport nodes, this asset enjoys constant trade and long-term demand fundamentals.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 13,950 SF | Floors | 4 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 4,306 SF |
| Property Subtype | Apartment | Lot Size | 0.10 AC |
| Building Class | C |
| Total Building Size | 13,950 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 4 |
| Typical Floor Size | 4,306 SF |
| Lot Size | 0.10 AC |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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242 Toorak Rd
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